Existing Collateral. The Substituted Collateral required to be provided by Creole and Dampkraft hereunder shall, except to the extent provided otherwise in this Agreement, be subject to all of the terms and conditions applicable to the Existing Collateral pursuant to the Existing Reinsurance Agreements to the same extent that such terms and conditions applied to the Existing Collateral thereunder.
Existing Collateral. The Substituted Collateral required to be provided by MII and B&W hereunder shall, except to the extent provided otherwise in this Agreement, be subject to all of the terms and conditions applicable to the Existing Collateral pursuant to the Existing Insurance Agreements to the same extent that such terms and conditions applied to the Existing Collateral thereunder.
Existing Collateral. The Borrower hereby acknowledges and agrees that all security interests granted by the Borrower and others to secure the indebtedness under the Existing Credit Agreement secures the Indebtedness under this Agreement, the Indenture Obligations and the Term Loan Obligations.
Existing Collateral. The Substituted Collateral required to be provided by SpinCo and RemainCo hereunder shall, except to the extent provided otherwise in this Agreement, be subject to all of the terms and conditions applicable to the Existing Collateral pursuant to the Existing Insurance Agreements to the same extent that such terms and conditions applied to the Existing Collateral thereunder.
Existing Collateral. Borrower, in its capacity as Borrower under the Credit Agreement and in its capacity as Pledgor under the Second Amended and Restated Pledge and Security Agreement dated effective as of September 26, 2013 (the “Pledge Agreement”), between Borrower and the Administrative Agent, as Secured Party, acknowledges and agrees that the Collateral pledged pursuant to the Pledge Agreement shall continue to secure the payment of its Obligations under the Credit Agreement as amended by this First Amendment and hereby acknowledges, affirms and grants and re-grants the security interests of the Pledge Agreement to secure the Obligations.
Existing Collateral. From and after the Effective Date, the definition of "Collateral" (or any subset or component thereof) under the Bridge Purchase Agreement and any other Bridge Loan Document shall be deemed to include only the Required Assets. The Buyer shall not have any obligation to grant any security interest in any other asset of the Buyer and no restriction or other obligation with respect to the Collateral (or any subset or component thereof) shall be deemed to apply to any other asset of the Buyer. From and after the Effective Date, subject to Section 3 hereof, the obligations secured by the Collateral shall be limited to the Buyer's obligations to repay the Bridge Indebtedness assumed pursuant to Section 1(a) hereof.
Existing Collateral. (a) As collateral security for the prompt performance, observance and payment in full of all of the Obligations (including the Pre-Petition Obligations and the Post-Petition Obligations), Debtor, as Debtor and Debtorin-Possession, and each Guarantor, as Debtor and Debtor-in-Possession, hereby grant, pledge and assign to Lender, and also confirm, reaffirm and restate the prior grant to Lender of, continuing security interests in and liens upon, and rights of setoff against, all of the Collateral.
(b) Debtor hereby grants, pledges and assigns to Lender, and also confirms, reaffirms and restates the prior grant to Lender of continuing security interests in and liens upon, and rights of setoff against certain real property owned by Debtor pursuant to the Mortgage, dated October 27, 1993, by AWCL in favor of Lender, and more particularly described in Exhibit C hereto, as collateral security for the prompt performance, observance and payment in full of the Obligations (including the PrePetition Obligations and the Post-Petition Obligations) in the outstanding principal amount not to exceed $500,000 plus interest, costs and expenses.
Existing Collateral. The Remaining Businesses Obligations shall be secured by all of the Remaining Businesses Collateral that currently secure the Loans, including, without limitation, all the Remaining Businesses Collateral; provided, however, that the Florida Real Estate shall continue to secure only the Term Loan, as restructured hereby, and shall not secure any of the other Obligations under either of the Loan Agreements.
Existing Collateral. Borrower hereby ratifies, affirms and restates the security interests previously granted by Borrower to Lender as collateral for the Loan as follows: Borrower grants to Lender a security interest in all of Borrower's now owned or hereafter acquired accounts, inventory and the proceeds thereof, and Borrower acknowledges and agrees that such security interests are and shall continue as valid and binding security interests securing the payment and performance of Borrower's obligations under and in connection with the Loan and the Note. Borrower acknowledges and agrees that such continuing security interests granted to Lender include all of Borrower's now owned or hereafter acquired accounts, chattel paper, instruments and documents (collectively, "Accounts"), inventory, and all proceeds (cash and non-cash) and products thereof, and all returned, rejected or repossessed goods, the sale or lease of which shall have given or shall give rise to an Account and all cash and non-cash proceeds and products of all such goods.
Existing Collateral. The Collateral Agent shall notify the Lender and the Advisor on any Business Day that the Collateral Agent determines that any of the Existing Collateral can be sold at a value that approximates amortized cost and, if instructed by the Lender or the Advisor, sell such Existing Collateral. Unless Lender or the Advisor instructs Collateral Agent to the contrary, Collateral Agent is hereby authorized and directed to hold Existing Collateral until maturity. Any proceeds from the sale of Existing Collateral or Proceeds with respect to Existing Collateral including payments of principal upon maturity shall be credited to the Collateral Account and invested by Collateral Agent in Authorized Investments on payable date.
